Luxembourg

About the Flag

Located in Western Europe between France and Germany, Luxembourg is a constitutional monarchy and a member of the EC, NATO, the OECD, the Benelux Union, the UN, and the IMO. The capital is also called Luxembourg. The chief of state is the Grand Duke with a Prime Minister as the head of government. There is a unicameral Chamber of Deputies. The legal system is based on civil law. Luxembourgisch, German, French, and English are spoken.

Luxembourg's economy is stable and prosperous. Small but highly productive family owned farms dominate the agricultural sector. Steel production, and the plastics and chemical industries are important. Banking and other financial services account for a growing proportion of the economy. Major trading partners are the EC countries, The Euro is the unit of currency.

A country without a historical maritime tradition, Luxembourg adopted a complete body of maritime legislation and established its own ship register in November 1990 as governed by the Luxembourg Maritime Act, 1990 and amended in June 1994. The 1990 law creating the public shipping register was amended on June 17, 1994. Responsibility for the establishment of the Luxembourg Register lay with the Ministry of Economy and External Trade, and the management of the Register was assumed by the Maritime Commissioner.

In 2012, the YCF Group established EuroFlag Services (EFS) for the purpose of offering Bareboat Charter Registration under the Luxembourg Ship Registry.

As a solution to the EU Flag Requirement, EFS carries out comprehensive ship registration and management services specifically for shipowners seeking to register vessels with the Luxembourg Flag.